Unfair Labor Practices by Unions Include

question 44

Multiple Choice

Unfair labor practices by unions include:

• A) refusal to bargain.
• B) bargaining in good faith.
• C) charging pay hikes from employers.
• D) holding strikes to make a statement.

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Definitions:

Risk Averse

A behavioral tendency to prefer avoiding losses over acquiring equivalent gains.

Present Value

The worth at present of an anticipated future cash amount or stream of payments, considering a particular rate of return.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, charged by lenders to borrowers for the use of their funds.

Contracts

Legally binding agreements between parties that outline terms and conditions for reciprocal obligations and rights.